Alright well I know I've been posting the same message about relooking my investments for a bit. The great thing is that with my upcoming move and quarantine requirement, that will be the perfect time to relook my investments and rebalance myself.
I've also decided that I am going to splurge a bit during my holiday. While it is important to save for the future, I think it is also important to live for the present. Looking at my salary, future earnings potential, and age, I am very comfortable where I am at. I've saved (and will continue to save) at an aggressive rate and I've worked exceptionally hard over the last few years. This well-deserved extended break I am taking should be properly funded as such. I anticipate potentially tapping into $20k of savings for the traveling and relocation, although some of that will be offset with my salary as well.
No change to A and B below.
a. Find investment vehicle for mom's savings account that I am building (currently at $8,500)
b. Find account for long term savings. I am of the mindset that I would like to have two "pots" for my savings. One where I retain my money market account at $20k, which will form my emergency nest egg. The second account will be in a slightly more riskier fund (50/50 stocks/bond acct?) and will contain my long term emergency fund, which I would like to grow to $80k+. By doing this, I feel that most of my emergency fund will grow to at least match with inflation over the years.
Of the other assets, $49,411 is in my personal savings. 3967 euro is in my European accounts. |